MeadWestvaco quarterly profit climbs to $128 mln

ChristopherHinton

NEW YORK (MarketWatch) -- MeadWestvaco Corp.
mwv
said Thursday its third-quarter earnings rose to $128 million, or 74 cents a share, from $54 million, or 31 cents a share, in the year-ago period. Sales fell to $1.6 billion from $1.8 billion. Analysts polled by FactSet Research were looking for earnings of 26 cents a share on sales of $1.6 billion, on average. Shares of MeadWestvaco closed Tuesday at $22.77.

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